Manama, Bahrain: Infracorp, GFH Financial Group’s (GFH) sustainable infrastructure platform, on Sunday announced an initial co-investment with Equitix in Aurora Infrastructure Oy (Aurora); a monopoly electricity distribution network operating in two key geographical areas of Finland and one of the largest industrial electricity distribution networks in the Nordics region.
Aurora serves a blue chip international industrial client base which has invested more than €4.5 billion combined in the Company’s two sites (AKO and ATO) since 2005.
Aurora’s AKO site serves government backed and listed customers in traditional fuels, renewable fuels and chemical products segments, with its main clients being Neste, Borealis, Linde and Veolia.
Its ATO network meanwhile, serves Outukumpu, the largest integrated plant and the only fully integrated stainless steel facility in the world.
Infracorp will also enter into future collaborative discussions with Equitix, a leading global investor and long-term fund manager of core infrastructure assets. Equitix has over $11.7 billion of assets under management and is the infrastructure investment division of Tetragon, the global asset management group which manages $80 billion of assets on behalf of its clients.
From this initial partnering, Infracorp will explore possible further opportunities to work with Equitix to invest in select infrastructure deals on a discretionary basis. Any such potential opportunities will offer the ability to strengthen Infracorp’s global infrastructure investments platform in Europe and the Americas across a range of defensive and downturn resistant infrastructure sector investments.
“We are delighted to be working with Equitix, a leading global infrastructure asset manager with deep experience in managing and maximising the value of similar infrastructure asset,.” Majed Al Khan, CEO of Infracorp said.